GM Business Card review: Solid earnings but inflexible rewards
Editor's Note
GM Business Mastercard overview
The GM Business™ Mastercard® offers plenty of value for businesses with a fleet of General Motors vehicles but not much value for anyone else. You'll enjoy healthy earning rates with no annual fee but minimal perks and redemption options for those who don't spend a lot with GM. Card rating*: ⭐⭐⭐½
*Card rating is based on the opinion of TPG's editors and is not influenced by the card issuer.
If you're a business owner who has a fleet of vehicles as part of your business, you may have considered getting the GM Business Card. On the one hand, the card earns bonus rewards on General Motors purchases as well as at gas stations, restaurants and office supply stores. On the other hand, you can only use your rewards to buy or lease GM vehicles.
If you spend a lot on GM vehicles, you may be able to get some solid value out of the card's earning rates. If not, however, this card isn't the one for you.
The card has limited benefits compared to its competitors, lacking in things like annual statement credits. Its rewards are also inflexible compared to those of other cards, without the ability to use your rewards for general purchases or redeem them into a checking account.
The GM Business Card has no annual fee, and we recommend you have a credit score of 670 to get approved for it. Now, let's examine the card details.
The information for the GM Business Mastercard has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
GM Business Card pros and cons
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GM Business Card welcome offer
With the GM Business Card, new cardholders can earn $750 in bonus earnings to redeem with GM after spending $5,000 in the first five months from account opening.
That's a decent return for a business card with no annual fee, but you can do better with more general card offerings. And if you aren't spending much at GM, $750 to redeem with the company won't be very helpful.
Cardholders also receive a 0% introductory APR on purchases for the first nine months and a variable APR of 18.24% to 28.24% based on their creditworthiness thereafter.
Related: The best credit card welcome bonuses currently available
GM Business Card benefits
The GM Business Card doesn't offer much in the way of lavish perks, but you will enjoy standard protections like rental insurance, identity theft protection and zero liability for unauthorized purchases.
You'll also get access to personalized assistance with GM's Business Assistant Concierge, plus no foreign transaction fees or cash advance fees to go along with the $0 annual fee.
GM Business cardholders can also receive discounts on certain business-related services, such as Zoho Marketing Plus, Intuit Quickbooks Online and TurboTax federal products. While these perks are nice, other business cards with better rewards feature discounts or statement credits for certain business-related expenses.
Those are somewhat standard perks for a business card and, therefore, not especially impressive. Unlike many of our favorite business cards, this card has no annual credits and no complimentary membership to any services, GM-related or otherwise. If you want more valuable perks, you'll want to look at a different card.
Related: Key differences of business cards vs. personal cards
Earning rewards with the GM Business Card
With the GM Business Card, you'll get 5% back on GM Genuine and ACDelco Parts, eligible accessories or paid certified service at authorized GM dealerships. You'll also earn 3% back at gas stations, restaurants and office supply stores and 1% back on everything else.
Again, those are solid rates if you spend a lot at GM, but they're unremarkable if you can't make use of that 5% bonus category. The 3% earning category is nice, but you can get the same (or better) earning rates on cards that offer plenty more general benefits.
For instance, the Ink Business Unlimited® Credit Card (see rates and fees) earns an unlimited 1.5% cash back on every purchase made for your business and has no annual fee. Plus, its cash-back rewards are much more flexible and can turn into transferable travel rewards with the right card pairing.
Related: Your guide to the Chase Ink Business credit cards
Redeeming rewards with the GM Business Card
It's important to note that rewards earned on the GM Business Card can only be redeemed to buy or lease an eligible GM vehicle, such as a Chevrolet, Buick, GMC or Cadillac, at a participating GM dealership.
That's an extremely narrow redemption option, making this card only viable for businesses with multiple GM vehicles (or in the market for GM vehicles).
The good news is that these rewards never expire on active accounts in good standing, so you can save up your rewards for your next big GM purchase.
But again, this is a far more inflexible option compared to any number of business cards on the market. Like many people, I don't have a fleet of GM vehicles to maintain — so I prefer earning flexible cash-back rewards with a card like the Ink Business Cash® Credit Card (see rates and fees).
Related: Best cash back cards
Which cards compete with the GM Business Card?
There are plenty of general business cards that go toe-to-toe with the GM Business Card:
- If you want more perks: The Capital One Venture X Business comes with premium travel perks like an annual travel credit and lounge access. To learn more, read our full review of the Venture X Business Credit Card.
- If you want more general rewards: The Ink Business Unlimited Credit Card offers unlimited 1.5% cash back on every business purchase, and you can maximize your rewards by pairing it with other Chase cards to turn your cash back into transferable Ultimate Rewards points. To learn more, read our full review of the Ink Business Unlimited.
- If you prefer American Express: The Blue Business® Plus Credit Card from American Express earns lucrative Membership Rewards points on everyday business spending. This card is best suited for small businesses with limited revenue. To learn more, read our full review of the Blue Business Plus.
For additional options, check out our full list of the best business credit cards.
Related: Business credit cards: What they are and how they work
Is the GM Business Card worth it?
Despite its very limited redemption options, the GM Business Card can make sense for businesses looking to earn rewards toward a big GM purchase in the future. Most people, however, will get far more value from a different credit card.
Bottom line
Business owners can take advantage of this card's earnings rates and put them toward a vehicle purchase while also enjoying a few standard perks with no annual fee.
But again, unless you're regularly spending a lot on GM vehicles, you'll be better off with a general business card that earns more flexible cash back or travel rewards.
Related: 6 small-business card welcome bonuses with low spending requirements
TPG featured card
at American Express's secure site
Terms & restrictions apply. See rates & fees.
| 4X | Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 4X | Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 5X | New! Earn 5X Membership Rewards® points on prepaid hotel stays booked through AmexTravel.com or the Amex Travel App. |
| 3X | Earn 3X Membership Rewards® points on flights booked through AmexTravel.com, the Amex Travel App, or purchased directly from airlines. |
| 2X | Earn 2X Membership Rewards® points on prepaid car rentals booked through AmexTravel.com or the Amex Travel App and cruises booked and paid through AmexTravel.com. |
| 1X | Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases. |
Pros
- Valuable dining and food-related credits
- Flexible rewards with airline and hotel transfer partners
- Multiple travel and purchase protections
- No foreign transaction fees
- Access to Amex Offers for additional savings (enrollment required)
Cons
- Not as useful for those living outside the U.S.
- Some may have trouble using Uber and other dining credits
- You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $8,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- New! Earn 5X Membership Rewards® points on prepaid hotel stays booked through AmexTravel.com or the Amex Travel App.
- Earn 3X Membership Rewards® points on flights booked through AmexTravel.com, the Amex Travel App, or purchased directly from airlines.
- Earn 2X Membership Rewards® points on prepaid car rentals booked through AmexTravel.com or the Amex Travel App and cruises booked and paid through AmexTravel.com.
- Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
- Pay It® lets you tap in the American Express® App to quickly pay for small purchase amounts throughout the month and still earn rewards the way you usually do. Plan It® gives you the option to split up big purchases into equal monthly payments with a fixed fee. You’ll know upfront exactly how much you’ll pay.
- Updated! $120 Dining Credit: Earn up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub (including Seamless), Buffalo Wild Wings, Five Guys, The Cheesecake Factory, and Wonder. This can be an annual savings of up to $120. Enrollment required.
- $100 Resy Credit: Get up to $100 in statement credits each calendar year at over 10,000 qualifying U.S. Resy restaurants after you pay for eligible purchases with the American Express® Gold Card. That’s up to $50 in statement credits semi-annually. Enrollment required.
- $84 Dunkin' Credit: Earn up to $7 in monthly statement credits after you pay with the American Express® Gold Card at U.S. Dunkin’ locations. Enrollment required.
- $120 Uber Cash on Gold: Enjoy up to $120 in Uber Cash annually with your Gold Card. Just add your Card to your Uber account and you'll get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an Amex Card for your transaction.
- New! As an American Express® Gold Card Member, you can enjoy complimentary Hertz Five Star® Status. Enjoy benefits like skipping the counter at select locations, adding an additional driver at no additional cost*, and vehicle upgrades**. Benefit enrollment and Hertz Gold+ registration are required. *Additional drivers must meet standard rental qualifications and must be a spouse or domestic partner to qualify as complimentary. Other additional drivers subject to fees. **Benefits are subject to availability and vary by location. Additional Hertz program Terms and Conditions including age restrictions apply.
- Take advantage of a $100 credit towards eligible charges* at over 1,300 upscale hotels worldwide when you book The Hotel Collection through AmexTravel.com or the Amex Travel App **. *Eligible charges vary by property. **The Hotel Collection requires a two-night minimum stay.
- Book your travel through the Amex Travel App with added peace of mind – backed by American Express® service and support. Only for American Express® Card Members.
- Whenever you need us, we're here. Our Member Services team will ensure you are taken care of. From lost Card replacement to statement questions, we are available to help 24/7.
- No Foreign Transaction Fees.
- Annual Fee is $325.
- Terms Apply.